Many different factors go into determining the reserve price of a car. Clasiq uses our own carefully crafted industry metrics to come to a value range for your vehicle. With that value range, Clasiq can speak with you on what your particulars are and get into a conversation with the Seller on what they think their particular care is worth. If our number at Clasiq matches the value the Seller expects, it is much easier to continue holding the auction. If the Seller and Clasiq have unrealistic expectations, it will be hard to move on forward with the auction. The Seller also has the option to LOWER the reserve price as the auction is ongoing, but it is not possible to RAISE the reserve price once the auction has started.
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